7 facts about the raid on the Indian MLM crypto empire monitored after the Rp4.58 trillion project was highlighted
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Jakarta, Pintu News – Indian authorities raided the offices and properties of a group suspected of running a cryptocurrency-based multi-level marketing (MLM) scheme, which has become a hot topic after a money laundering investigation worth about $275 million (around Rp4.58 trillion) expanded to several states.
According to international media reports, this joint operation reflects law enforcement’s strong efforts in cracking down on illegal financial activities that utilize crypto assets as a means of transaction. The case is in the public spotlight as it involves large-scale fraud allegations as well as cross-jurisdictional checks in India. (Bitcoin.com News)
1. Crypto MLM Cases that Authorities Are Concerned About
The investigation began after reports of alleged fraudulent activity utilizing crypto as part of a multi-level marketing scheme that attracted many retail investors. Official information suggests that authorities view these schemes as a possible means of money laundering and embezzlement of investor funds. The report was widely monitored by local and international media as part of the dynamic scrutiny of new financial products using digital assets.
According to the investigation documents, the amount diverted through this scheme is estimated at $275 million, which when converted is equivalent to around Rp4.58 trillion based on the current exchange rate. This value reflects the scale of the money laundering indication being handled by law enforcement officials. This value is one of the important metrics that has made this case a hot topic of public discussion.
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